3 Tax Deductions
This weeks article will show you 3 little tax deductions that could help you save a lot. Read More...
Home
The Silent Partner
Knowledge is Power
Tax Strategies
Home Biz Tax Kit
About Us
Contact Us

 

 

How much are Taxes Costing You?

Home Business Tax Kit: Guidance for Business Taxes

Our program is designed to give you TOOLS for the wonderful tax benefits of a home-based business. We hope that we have made enjoyable reading out of what most people consider a very dry subject. The exciting part of this Kit is that the more you know, the more money you can make.

The Congress of the United States is the one that passes tax laws. It is easy to forget that one of the reasons that tax rules and regulations are so complicated is that; politically things change every two years with elections and sometimes more often than that based on world events. It is difficult for you the individual to keep up with the times. It is also difficult for the IRS to interpret what Congress wants. That is why we keep a close eye on political, economic and financial areas, so that we can bring you the most up to date and correct information. The IRS translates Congress’ laws into tax rules and regulations. We attempt to translate tax rules and regulations into a workable form for the home-based business owner. You as the business owner (or potential owner) can now take these rules and regulations and apply them to your own field of endeavor to get maximum benefit.

 

How Much do Income Taxes Really Cost You?

If you have Self-Employment income you already know that you pay out 15.3% for Self
Employment Tax. You are most likely in the 15% or the 28% marginal tax bracket. That is the bracket in which you pay tax on the last dollar of taxable income that the family earned. If you live in a state that has an income tax, plus possibly local taxes the average you could pay is 7%. Each of you who really works a home-based business has an excellent chance of paying in the 28% bracket in the future. So let’s pretend you are there already. Here’s how taxes stack:

 Tax
 Percent
Self-Employment tax
15%
Federal income tax
28%
State/local income tax
7%
Total percentage to your silent partner who makes no sales or helps your business in any way
50%

Once you have digested this bit of information what do you do about it?

CHANGE YOUR ENTIRE POINT OF VIEW.

From now on, learn to run your business as a business. Learn to think like a business person and learn the benefits of planning and managing your business in order for you to become MORE profitable and MORE LEGAL.

One example – you take a prospective client out to eat. You pick up the tab, you hopefully get the sale. But did you document who you ate with? Where you ate? Do you have a receipt? And all the other little myriad of things associated with this one sale? If you have our kit, you’d know how and if you had our software that can travel with you, you would have all the documentation that is REQUIRED by the IRS in order to make this meal and its associated deductions, legal and fully deductible.

Our goal is to give you the knowledge and support that you would have if you could afford a full time, in house accountant. You, as a business owner deserve to have all the advantages the big boys have and we can show you the way.

 

Start Saving on Your Personal Income Taxes

When you improve your game, you will reduce your taxes to the minimum required by law... and all legal, ethical, moral and in compliance with IRS regulations.

With these techniques and strategies you’ll squeeze out every dollar in tax savings you possibly can while staying safely within the law. You see, they’re many tax laws in place to encourage small business. It’s the backbone of the country and those who want to become their own boss are welcomed by the tax code.

We’ve put together the key tools you’ll need to take advantage of every tax saving strategy you have coming to you.

 

 

  © Copyright 2003. Home Business Tax Professionals Our Policies